Parex Resources Unveils 2025 Guidance and Strategic Production Plans

Parex Resources ( (TSE:PXT) ) just unveiled an announcement.

Parex Resources has announced its 2025 guidance, projecting average production to reach between 43,000 and 47,000 barrels of oil equivalent per day. The company plans to spend up to $315 million on capital expenditures, focusing on lower-risk activities and sustainable growth. The program includes drilling up to 30 wells and targets shareholder returns while exploring new opportunities in areas like the Putumayo Blocks. Parex also aims to strengthen its financial position through dividends, share repurchases, and capital management, supported by a favorable tax position.

More about Parex Resources

Parex Resources Inc. is a company operating in the oil and gas industry, primarily focused on exploration and production activities. The company is listed on the Toronto Stock Exchange and concentrates on operations in high-potential areas such as the Llanos Foothills trend.

YTD Price Performance: 1.44%

Average Trading Volume: 46,174

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.05B

For a thorough assessment of PXT stock, go to TipRanks’ Stock Analysis page.